Edmond DE Rothschild Holding S.A. Purchases 1,883 Shares of Crown Holdings, Inc. (NYSE:CCK)

Edmond DE Rothschild Holding S.A. boosted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,135 shares of the industrial products company’s stock after acquiring an additional 1,883 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Crown were worth $1,334,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in shares of Crown by 121.3% in the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 12,058 shares during the period. Nordea Investment Management AB raised its stake in Crown by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock valued at $90,511,000 after buying an additional 176,959 shares during the period. Metropolis Capital Ltd lifted its position in shares of Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after buying an additional 1,000,605 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Crown by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company’s stock worth $67,183,000 after acquiring an additional 8,739 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Crown during the 3rd quarter worth approximately $861,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Price Performance

CCK stock opened at $90.26 on Wednesday. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.56 and a beta of 0.88. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company has a 50 day simple moving average of $88.39 and a 200 day simple moving average of $89.44. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46.

Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from Crown’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. Crown’s dividend payout ratio (DPR) is presently 29.21%.

Analyst Ratings Changes

Several equities analysts recently commented on CCK shares. Bank of America decreased their price target on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. UBS Group dropped their price objective on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, Citigroup increased their target price on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.00.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.